COMPANY NEWS

COMPANY NEWS; AMERICAN EAGLE AIR BUYING BUSINESS EXPRESS

Published: December 5, 1998

American Eagle Airlines is buying Business Express Airlines to expand its commuter airline service in the Northeast. Neither American Eagle, which is the regional affiliate of American Airlines, part of the AMR Corporation, nor Business Express would disclose the price of the deal. Business Express operates 350 flights daily from Logan International Airport in Boston, LaGuardia Airport in New York, and 16 other cities in the Northeast and Canada. It has connection agreements with American, Delta and Northwest. American Eagle operates 1,500 daily flights to 238 cities. In the Northeast, its network is focused on Kennedy International Airport in New York. Business Express, based in Dover, N.H., operates 43 commuter jets and has about 1,100 employees.